Turnover of Germany's retail enterprises down 1.6% in June 2022
02 Aug 22 1 min read
Compared with June 2021, retail trade recorded an 8.8 per cent decrease in turnover in real terms in June 2022.
This was the largest year-on-year decrease since the beginning of the time series in 1994, as per Destatis.
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In nominal terms, turnover was down by just 0.8 per cent. The difference between the results in real and nominal terms reflects the high price increases in retail trade, which have a noticeable adverse effect on the consumption climate.
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Fibre2Fashion News Desk (KD)
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